Oil Prices in November 2003: WTI & Brent Daily Prices and Monthly Average
WTI averaged $31.11 per barrel in November 2003, up $0.77 (2.5%) from October 2003. A year earlier, in November 2002, it averaged $26.35, so the price was higher by $4.76 (18.1%) year over year.
Daily spot prices, November 2003
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Nov 28, 2003 | — | $28.95 |
| Nov 27, 2003 | — | $28.90 |
| Nov 26, 2003 | $30.33 | $28.23 |
| Nov 25, 2003 | $30.02 | $27.62 |
| Nov 24, 2003 | $29.99 | $27.99 |
| Nov 21, 2003 | $32.26 | $29.79 |
| Nov 20, 2003 | $32.87 | $29.88 |
| Nov 19, 2003 | $32.84 | $30.13 |
| Nov 18, 2003 | $33.16 | $29.26 |
| Nov 17, 2003 | $31.75 | $28.98 |
| Nov 14, 2003 | $32.31 | $29.78 |
| Nov 13, 2003 | $31.89 | $29.01 |
| Nov 12, 2003 | $31.37 | $28.58 |
| Nov 11, 2003 | $31.21 | $28.88 |
| Nov 10, 2003 | $31.01 | $28.82 |
| Nov 7, 2003 | $30.73 | $28.73 |
| Nov 6, 2003 | $30.25 | $28.52 |
| Nov 5, 2003 | $30.29 | $27.90 |
| Nov 4, 2003 | $28.86 | $27.32 |
| Nov 3, 2003 | $28.81 | $27.78 |
The month's range ran from $28.81 on Nov 3, 2003 to $33.16 on Nov 18, 2003; the last price was $30.33 on Nov 26, 2003. The largest one-day move was −$2.27 on Nov 24, 2003 (−7.0%).
Brent traded below WTI on average this month: $28.75 for the month, $2.38 under WTI across 18 matched dates.
Adjusted with CPI-U, the November 2003 average equals $56.81 in September 2026 dollars.
November 2003 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $31.11 | $28.75 |
| Change vs October 2003 | +$0.77 | −$0.86 |
| Change vs November 2002 | +$4.76 | +$4.41 |
| Highest daily price | $33.16 Nov 18, 2003 | $30.13 Nov 19, 2003 |
| Lowest daily price | $28.81 Nov 3, 2003 | $27.32 Nov 4, 2003 |
| Published daily observations | 18 | 20 |
| Average in September 2026 dollars (CPI-U) | $56.81 | $52.50 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 2003.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 3, 2003 – Nov 26, 2003 | Nov 26, 2003 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 3, 2003 – Nov 28, 2003 | Nov 28, 2003 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly | September 2026 |
Last updated: Oct 21, 2026, 5:27 PM CDT. Raw values are shown in source units; any conversion is labeled. See methodology and data sources.
Download:2003 daily prices (CSV)